Public infrastructure investment: a BRICS perspective for inclusive sustainable development
OUTPUT TYPE: Journal Article
PUBLICATION YEAR: 2017
TITLE AUTHOR(S): J.Josie
KEYWORDS: BRAZIL-RUSSIA-INDIA-CHINA-SOUTH AFRICA (BRICS), INCLUSIVE DEVELOPMENT, INFRASTRUCTURE DEVELOPMENT
DEPARTMENT: Developmental, Capable and Ethical State (DCES)
Print: HSRC Library: shelf number 10043
HANDLE: 20.500.11910/11302
URI: http://hdl.handle.net/20.500.11910/11302
If you would like to obtain a copy of this Research Output, please contact Hanlie Baudin at researchoutputs@hsrc.ac.za.
Abstract
The original aim of the paper on which this lecture is based was to discuss the role of public infrastructure investment for integrating Sustainable Development Goals (SDG) in the development programs of BRICS countries. From a micro-to-macro perspective is the provision of public infrastructure a key intermediate factor for ensuring that an individual's living standard, capabilities and human, socio-economic and political rights are macro-economically sustainable in the long-term? The MDGs emphasised human capital, infrastructure, and socio-economic and political human rights as integral to increasing an individual's living standards and human capabilities. The paper discussed a possible relationship between development finance and BRICS public infrastructure investment policy to address inclusive sustainable development and public infrastructure backlogs of deficits that militate against meeting SDG targets. The recent establishment of the BRICS New Development Bank and the accession of the RMB to international reserve currency status present China with an opportunity to bridge the long-term infrastructure investment financing gap faced by for developing countries for the provision of basic infrastructure services to address the SDG goals. The lecture first discusses the extent to which infrastructure investment may act as a catalyst for promoting SDGs. Secondly, I review the current trends in infrastructure investment as they relate to gross fixed capital formation (GFCF) among BRICS countries. Thirdly, I consider a possible theoretical framework for public investment to address basic public infrastructure service backlogs targeting SDGs in BRICS countries. Finally, I discuss the possible role of a BRICS development finance institution in financing public infrastructure investment, and conclude with some specific proposals-
Related Research Outputs:
- The airport, the road and the school: infrastructure delivery in KwaZulu-Natal
- Development funding in South Africa 1998-1999
- Small market areas (SMAs) for South Africa
- Infrastructure mandates for change 1994-1999
- Re-thinking infrastructure policies in the 21st century
- Infrastructure mandates for reconstruction
- Food security in South Africa: key policy issues for the medium term
- Rural development: the provision of basic infrastructure services
- Research project to support the five-year plan for the provision of school infrastructure: Mpumalanga Province
- Services & infrastructure
- Report on overseas visit to Nairobi, Kenya
- Comparing South Africa's hosting of the rugby and cricket world cup: lessons for the 2010 football world cup and beyond
- The economy-wide effects of price-reducing reforms in infrastructure industries in South Africa
- Can participation make a difference?: prospects for people's participation in planning
- The economic influence of infrastructural expenditure: a multiplier decomposition and structural path analysis
- The economic influence of infrastructural expenditure in South Africa: a multiplier and structural path analysis
- Crisis! What crisis?: the multiple dimensions of the Zimbabwean crisis
- Rush for the place of gold: implications for infrastructural development in Gauteng
- Impact of fiscal policy in an intertemporal CGE model for South Africa
- Can infrastructure spend offset consumer slump?: balancing the deficit